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Texas Insurance Code - Section 423.052. Money Held In Pooling Account

Legal Research Home > Texas Lawyer > Insurance Code > Texas Insurance Code - Section 423.052. Money Held In Pooling Account

§ 423.052. MONEY HELD IN POOLING ACCOUNT.  (a) Only a 
domestic insurer and an affiliate, as described by Section 823.003, 
may hold money in a pooling account.
	(b)  The accounting and operating records and books of the 
insurer and affiliate must be adequately detailed to identify 
specific insurance policies and policyholders with the money from 
premiums received by the insurer that issues the policies.

Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.           

Last modified: August 11, 2007